The National Bank of Pakistan (NBP), one of the largest commercial bank of Pakistan has recorded 10% year on year growth in its first quarter profit due to significant amount of reversals in provision in diminution of investment and also due to decline in provisions against loans and advances. The lender asset base of the [...][Continue Reading...]

After almost around an year of exit of RBS (Royal Bank of Scotland), HSBC has also decided to sell out its operations in Pakistan. The closure and exit from Pakistan is one of the moves from HSBC, under its strategic restructuring plan; the bank is planning to close its operations in few of the Asian [...][Continue Reading...]

Albarka Bank Pakistan, a subsidiary banking unit of Al Barka Banking Group BSC (ABG) announced an increase of 177% operating income in the year 2011. Shareholders’ equity is increased by 6.6%, total assets grow by 9%, total customers’ deposit and financing and investment increase by 24.8% and 28% at the end of year 2011. The [...][Continue Reading...]